WF · Woori Financial Group Inc.

This acquisition represents a strategic consolidation of Woori Financial Group’s ownership in its securities subsidiary, moving from majority to full control. The KRW 1.0 trillion consideration—equivalent to 2.6% of Woori Financial Group’s consolidated equity—reflects a material capital allocation decision aimed explicitly at strengthening Woori Investment Securities’ competitive position through capital injection. The timing aligns with the subsidiary’s improving financial performance: FY2025 operating revenue rose 20.6% year-over-year to KRW 519.4 billion, and net income surged over tenfold to KRW 27.4 billion, reversing prior-year weakness and suggesting operational momentum. Full ownership eliminates minority interest complications, simplifies governance, and may facilitate integrated product offerings or cost synergies across the group’s banking and securities platforms. The rights offering structure preserves capital efficiency for the parent while ensuring alignment with existing shareholders of the subsidiary. Given the size relative to group equity, the explicit strategic rationale, and the impact on consolidated control and reporting, this event carries high materiality for investors assessing capital discipline, subsidiary integration strategy, and earnings quality within the broader financial group.